By: Jared A. Favole
DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)--A former employee of Bristol-Myers Squibb Co. (BMY) is being charged with stealing trade secrets from the pharmaceutical firm in an attempt to create a competing company in India, according to the federal government.

U.S. Attorney Richard S. Hartunian and the Federal Bureau of Investigation said in a statement that Shalin Jhaveri, who worked at Bristol-Myers from November 2007 until Tuesday, stole numerous trade secrets from the company. If convicted, he faces up to 10 years in prison and a $250,000 fine.

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